Torstone Technology

Digital Assets: Torstone Technology and Digivault Partner for Post-Trade and Custody

Torstone Technology has partnered with Digivault to exchange access to each firm’s services. Digivault’s clients with get enhanced post-trade services while and Torstone Technology’s customers will gain access to digital asset custody solutions.

The Torstone Technology cross-asset platform will include cryptocurrencies and tokenized assets, giving clients the flexibility to handle all of their crypto trading in a single post-trade solution.

The quid pro quo deal will have Digivault clients using Torstone’s institutional-grade book-of-records functionality which is critical for regulatory compliance, and auditors.

Integrating and leveraging both firms’ cloud infrastructure, Torstone provides a bridge between the movement of traditional securities and fiat payments with digital assets, spanning standards and networks like FIX and SWIFT with digital networks and crypto custody.

Built by specialists from government security and banking infrastructure technology, Digivault offers custody solutions built to institutional risk policy standards. Its Custody solution is certified and accredited by Cyber Essentials Plus. The cold solution operates out of the vaults of global vault provider Malca-Amit.

Torstone provides a full middle and back-office solution for crypto assets alongside traditional securities and derivatives that covers trade capture, real-time clearance, settlement management, and monitoring, and central safekeeping book-of-records.

The platform’s real-time multi-currency sub-ledger also offers full audit capabilities to address any needs of regulators and auditors alike.

Brian Collings, Chief Executive Officer at Torstone Technology, said: “Over the last year, we have seen a significant increase in interest in digital assets from our clients. Recognizing the needs of the industry to consolidate traditional assets and digital assets on a single processing platform, we are now extending our multi-asset capabilities of cryptocurrencies and tokenized assets to custody and partnering with Digivault, a leading custodian of digital assets. This is an exciting growth area, and we look forward to continuing to work with our new partner Digivault.”

Robert Cooper, CEO at Digivault, commented: “Our partnership with Torstone offers financial institutions assurance that their post-trade operations, including custody, are being managed safely while meeting regulatory standards. This transparency and the ability to simply manage cryptocurrency back-office processes alongside traditional assets is becoming an essential capability for investors and is a window into the future of investment.”

The firm has recently appointed David Pearson as Product Manager. He’s been part of the firm for more than 25 years during which he served in senior-level leadership roles and was promoted twice during his tenure at the firm.

He joined Torstone as Head of New Business Marketing in May of 1994 and was promoted to Head of Hosted Business Development in 2011, and then Head of Post Trade Strategy in June of 2013. He served as Head of Post Trade Strategy unit for more than six years until he parted with the firm in June of 2019.

Now that he rejoined the firm, based in London, he will focus on strengthening the firm’s product focus and delivery.